EU GOLDEN VISAS BY COUNTRY
The following information is about golden visa systems in EU nations. As seen, each golden visa nation necessitates a different degree of investment.
AUSTRIA RESIDENCE BY INVESTMENT
Austria is widely regarded as having one of the most popular Residency by Investment programmes. The Austrian Golden Visa is accessible to any foreign national in exchange for a considerable financial investment.
In Austria, a minimum of €40,000 must be invested. Individuals must wait 1-3 months after submitting their Golden Visa application for approval.
It is possible to seek for citizenship after ten years of residency.
Alternatively, citizenship by investment can be obtained directly. To qualify, a foreign national must either invest €10 million in a firm or provide at least €3 million to a government development fund.
BELGIUM BUSINESS RESIDENCE PROGRAM
In essence, the Belgium Business Residence Program is a golden visa. It enables entrepreneurs and investors to establish firms and get residence in Belgium.
Nationals of any country are eligible to apply. There is no requirement to physically dwell in the nation to be considered a resident.
To apply, foreign nationals must invest a minimum of €350,000.
It is possible to become a Belgian citizen after staying in the country for 5 years. Passing a language test in either Dutch, French, or German is required.
BULGARIA GOLDEN VISA
Bulgaria recently phased off its citizenship-by-investment programme.
Previously, Bulgarian golden visas were granted to non-EU persons who spent at least €525,000.
A €1.05 million investment was required for golden passports.
Bulgaria aims to join the Schengen Area shortly by ending these golden passport programmes.
CYPRUS GOLDEN VISA
The Republic of Cyprus had a famous Golden Visa scheme that allowed foreign nationals and their family to earn residency and citizenship in the country by investing.
The residency-by-investment scheme in Cyprus was stopped in 2020.
Foreign investors must now become Cyprus residents before applying for citizenship.
GREECE GOLDEN VISA
The Golden Visa Program in Greece permits non-EU people to get a residence visa.
This can be accomplished in the following ways:
- Invest in property worth at least €250,000 plus taxes
- Agree to a 10-year lease of tourist residences or hotel accommodation
- Agree to a 10-year time-share in hotel accommodation
- Make a minimum contribution of €400,000 to a company in Greece
- Buy Greek government bonds with at least €400,000
- Purchase shares, corporate bonds, and/or Greek government bonds with a minimum acquisition value of EUR 800,000
- Deposit at least €400,000 in a domestic credit institution for a minimum period of 1 year
Foreign investors can obtain a residency visa in Greece within 30-60 days. This is then renewable every five years.
It is possible to seek for citizenship after living in Greece for seven years.
IRELAND IMMIGRANT INVESTOR PROGRAMME
The Republic of Ireland’s Immigrant Investor Programme (IIP) allows non-EU people to obtain a Golden Visa, commonly known as an Ireland Investor Visa.
A minimum of €1 million must be invested in a business or investment fund.
Foreigners can also give a non-refundable contribution of €500,000 to a project in Ireland that benefits the arts, culture, education, health, or sport.
ITALY RESIDENCE BY INVESTMENT SCHEME
The Italian residence by investment scheme can be accessed in the following ways:
- €500,000 investment in an Italian limited company
- €250,000 invested into an innovative start-up based in Italy
- €2,000,000 invested in Italian government bonds
- €1,000,000 philanthropic donation
MALTA GOLDEN VISA
Malta’s Golden Visa scheme is one of the most popular ways to get European residence via investment.
Applicants seeking residence must have a minimum capital of €500,000 (with at least €150,000 in financial assets). They must then invest in Malta in the following areas:
- Buy property worth at least €350,000 (€300,000 in South Malta or Gozo) or lease property for €12,000 per year (€10,000 per year in South Malta or Gozo)
- Donate €28,000 (if the property is purchased) or €58,000 (if the property is leased) to the Maltese economy
- Donate €2,000 to a non-governmental organisation
- Pay €40,000 as an administration fee (non-refundable)
Before applying for citizenship, the majority of third-country nationals must stay in Malta for 36 months.
To become a Maltese citizen, you must make a minimum contribution of €600,000 in the country’s national development fund. In Malta, a residential property must be acquired for at least €700,000 and kept for at least 5 years. A payment of €10,000 to a non-governmental organisation is also required.
Following safety concerns, the EU Commission has urged Malta to discontinue its citizenship by investment initiative. Malta is one of just a few EU nations that still provides a golden passport to non-EU citizens.
PORTUGAL GOLDEN VISA
Portugal, because to its Golden Visa system, is the simplest country in the EU to obtain EU citizenship for.
Foreign nationals seeking residence in Portugal might do so by investing in one of the following:
- Support of artistic production or maintenance of Portuguese cultural heritage (minimum €250,000)
- Scientific or technological research done by public or private entities in Portugal (minimum €350,000)
- Purchase of units of investment funds or venture capital funds (minimum €350,000)
- Transfer of a minimum of €1 million into a Portuguese bank account
- Property purchase (minimum €500,000; minimum €350,000 for the renovation of properties over 30 years old)
- Business, creating at least 10 new jobs
Investors can seek for Portuguese citizenship after 5 years as a legal resident in Portugal. They are not required to give up any current citizenship (i.e. they can hold dual nationality).
SPAIN RESIDENCE-BY-INVESTMENT PROGRAM
Spain’s Residence-by-Investment Program is well-regarded, and many international investors use it to become EU residents.
Foreign nationals can get residency in Spain by investing in one of the following options:
- Buy real estate worth at least €500,000
- Create and develop a business project in Spain
- Invest in company shares or make bank deposits in Spanish institutions of at least €1 million
- Purchase government bonds of at least €2 million in value
The residency permit is obtained in around 20 days. They are good for two years and may be renewed for another five. The permit is valid for the investor, his or her spouse or partner, and any dependant children (and grandchildren).
After ten years, the majority of foreign residents can petition for citizenship.
After two years, the following can:
- Sephardi Jews
- Citizens of Equatorial Guinea
- Nationals of Latin American countries
- Nationals of the Philippines
SWITZERLAND GOLDEN VISA
Switzerland is a popular choice for investors looking for a place to live because of its excellent healthcare system and business-friendly environment.
Foreigners can obtain a Golden Visa for Switzerland in two ways:
- Set up a company in Switzerland that provides jobs and opportunities for locals
- Pay an annual tax of CHF 150,000-1,000,000, depending on the canton